Research On Borrowing Motivation,Loan Application Behavior,and Loan Obtaining Results

General Secretary Xi Jinping pointed out that the development of various forms of moderately large-scale operations and the cultivation of new types of agricultural operations are the way forward and the only way to build modern agriculture.Accelerating the cultivation and development of a new type of agricultural business entity is a major strategy,which is of far-reaching significance to the realization of rural revitalization.The report of the 19 th National Congress of the Communist Party of China also emphasized the need to cultivate new agricultural business entities.How to serve large-scale business entities well and ensure their capital needs and the sustainability of production have always been the goals of policy promulgation and a hot topic in finance research.In 2020,the Ministry of Agriculture and Rural Affairs issued the "High-quality Development Plan for New Type of Agricultural Business Entity and Service Entity(2020-2022)" planning requirements: "Encourage financial institutions to combine their functional positioning and business scope to provide financial support for new agricultural business entities.Encouragement.Local governments set up investment and financing guarantee platforms to guide and mobilize various social forces to participate in the cultivation of new agricultural business entities and service entities." The introduction of the plan gave large-scale business entities a "cardio boost" at the level of financial security,but it also reflected it from the side.There are still shortcomings in the allocation of rural financial funds.As an important part of the main body of the new agricultural business,the benign operation of the professional farmers of planting industry with large scale is related to the future development and food security of the new agricultural business main body.Different from previous studies,this article will focus on one of the main bodies of the new type of agricultural business-professional farmers of planting industry with large scale,and mainly explore the issue of obtaining loans.According to the survey,with the full competition of rural finance today,the loan acquisition situation of different plantation business entities has improved,and the improvement is different.This article explores the problem of obtaining loans from professional farmers of planting industry with large scale from the perspective of the heterogeneity of borrowers.Starting from the borrowing motives and loan application behaviors of professional farmers of planting industry with large scale,the binary Logistic model is used to explore the barriers to the formal loan acquisition of professional farmers of planting industry with large scale,and other business entities are introduced,namely: professional farmers cooperatives,family farms,small farmers and professional farmers of planting industry with large scale.Professional farmers of planting industry with large scale conduct a comparative analysis of loan acquisition,locate the loan acquisition “ location ” of professional farmers of planting industry with large scale,obtain a sequence of the difficulty of obtaining loans from various plantation operators,and discover the phenomenon of “reverse” elite capture from the difference combining with the theory of elite capture,credit guarantee and research practice,scientifically interpret the causes of the model results,and further construct an interactive model to analyze and confirm the causes of the "reverse" elite capture results.In addition,this article also uses the Tobit model to analyze the loan acquisition gap.Finally,the evaluation of the subsequent impact of loan acquisition results is part of the analysis of loan acquisition results,and is also an indispensable part of the modern economics research framework,the article constructs the structural equation model and the multiple linear regression model of loan satisfaction of professional farmers of planting industry with large scale to analyze the income effect of loans.The overall research framework of this article combines the theoretical framework of "motivation-behavior-result" in psychology and sociology,and the main research results are as follows:a).Based on the motivation theory and behavior theory in psychology,professional farmers of planting industry with large scale need a key loan application behavior to participate in formal loans.It directly affects the results of obtaining loans,and the application for a loan requires an internal driving force,that is,"motivation",which is the source of the demand side’s application for the loan.b).This article puts forward the concept of loan availability for professional farmers of planting industry with large scale as a "process quantity".“ Availability ” not only represents whether large professional farmer of planting industry in the plantation industry have obtained loans,but also the entire logical process related to loans,including loan motivation,willingness analysis,loan application behavior analysis,and research on the loan acquisition and gaps of professional farmers of planting industry with large scale households and the evaluation of the satisfaction of professional farmers of planting industry with large scale loans(loan availability research part and loan acquisition gap research part and evaluation part of the results of loan acquisition),and combine the theories of credit guarantee,information asymmetry theory,elite capture theory and other theories with existing literature and research to conduct each part to the research science discuss.c).In this paper,the heterogeneity of formal loan acquisition of professional farmers of planting industry with large scale and the result of "inverse" elite capture are obtained.The theoretical contribution of this result is to supplement the original connotation of "elite capture".Specifically,this paper carried out Logistic regression analysis on the loan acquisition(availability research)of professional farmers of professional farmers of planting industry with large scale,and verified the assumption that credit,guarantee(mutual insurance),income,foreign debt and other factors influencing the loan acquisition of professional farmers of planting industry with large scale(availability research).Further,a comparative study was conducted on the difficulty of obtaining loans between other planting business entities and professional farmers of planting industry with large scale to produce the "inverse" ranking of elite capture results: professional farmers of planting industry with large scale< small farmers <professional farmers cooperatives <family farms and interpret the reasons for the results in combination with the actual situation,guarantee theory and peer supervision theory.Finally,interaction analysis,if there is a guarantee to get the above classification variables significantly(mutual insurance),whether to have foreign debt,debt,or other informal loans overdue contrast research for interacting with planting management main body type,further confirm the role of mutual insurance makes professional farmers of planting industry with large scale loans in the result of the "inverse" elite capture,finally,to supplement the connotation of "elite capture".In addition,combined with the results of the Tobit model,it can be seen that the significant obstacle factors that affect the results of large grain farmers’ loan acquisition(the gap research part)and the obstacle factors that affect their loan acquisition results(the loan availability research part)have "similarities and differences."d).Forth,Improve the customer satisfaction index model to evaluate the loan satisfaction of professional farmers of planting industry with large scale.Value perception is the key factor of loan satisfaction of large grain growers.In this part,based on the customer satisfaction index model,the question of formal loan satisfaction of large grain growers was supplemented,and a structural equation model applicable to the loan satisfaction of professional farmers of planting industry with large scale was constructed as a research tool.The path coefficient analysis of loan satisfaction of large grain growers was carried out to obtain the corresponding results.In the study of post-loan satisfaction,this paper improved the research on the results of loan acquisition of professional farmers of planting industry with large scale and also provided a reference for financial institutions to better serve the intertemporal loan application of professional farmers of planting industry with large scale in the future.e).Fifth,the loan income effect of large grain growers is analyzed.It is the last step to study the income effect of loan for professional farmers of planting industry with large scale.The use of loan funds will have an impact on the production income of professional farmers of planting industry with large scale.Therefore,the article should not lack the income effect evaluation of loan funds.This paper proposes countermeasures and suggestions from the perspective of creating a good credit guarantee environment to increase loan acquisition rate;building a sound risk diversification mechanism to improve loan solvency;launching "targeted" financial services to increase loan satisfaction.Finally,summarize the full paper,put forward the research deficiencies and prospects.